104 comments on “BREAKING: In Response To Building Cyprus Panic – BITCOIN HITS NEW ALL-TIME HIGH OF $50….er, $52, $54, $55”

@probtc. Even money can be grossly manipulated in spite of its intrinsic properties. It is money, though, because it keeps being so after social unrest has come to an end, while currencies ALWAYS simply vanish into oblivion.

Farmland, woodland, assets and money can be robbed and destroyed, evidently. More over, you could get killed too, loosing thusly all your real intrinsic value.

Bitcoin is both suspect and inspiring. Not a sure thing by any means, but worth the try. Virtual currencies are potentially very useful tools susceptible to unknown factors- lets not get too carried away with positions we cannot hold.

To those in fear- silver IS a sure thing, as are farmland, energy, water, etc. Bitcoin may turn out to be a mean for protecting the former assets amidst major social breakdown, but it could very easily not be the case, such as in situations affecting either the electric grid or just the communications network -remember Egypt lockdown? Are you familiar to the chinese control grid?. This global society will soon be tested to its very limits by the environment we exploited so recklessly- money, goods, assets will hold and increase their value, no matter the name we give them. Stocks, bonds, insurance, options, futures, etc., not so much.

“Farmland, woodland, assets and money can be robbed and destroyed, evidently. More over, you could get killed too, losing thusly all your real intrinsic value.”
Also a candidate for best comment in thread.

“This global society will soon be tested to its very limits by the environment we exploited so recklessly- money, goods, assets will hold and increase their value, no matter the name we give them. ”
Yep.

@Spaniard Thanks again for recommending Satyricon. I think it’s the only book I’ve read because someone online recommended it. I’m reading Restoration Agriculture at present, a book by a Wisconsin farmer very much addressing that third point of yours I posted.

Ok all you Bitcoin deniers, here’s a question for you that relies only on a little knowledge of human psychology, well you need a couple of other bits of information too, one of which is that you can hide bitcoins in your head.
Just google, Forbes magazine, bitcoin, brainwallet.
Then pop along to brainwallet.org to try it out (after you get there, shut down your internet, if your planning on creating BTC affresses you intend to use.
So, you can hide Bitcoins in your head, with complete deniability, you can send them overeas to others within minutes at no or very low cost. They are deflationary (People are always going to forget their password, die, their machine will crash etc.
Best of all though is you can hide these things in your head and here’s where a little bit of knowledge about human psychology will help in your decision making.
How popular do you think a Peer to peer, anonymous digital currency will be once the masses realise you can hide money in your head from your ex wife, the tax man and the Government. Now here’s some sums for you, if there will onlyever be 21 million BTCs, how many people might like to hide money from their Ex, their accountant, the Govt or the Tax man and how popular do you think Bitcoin is going to be once it dawns on more and more people that you can do this. It’s simple human psychology, you deniers need to get out of the way or you’re all going to be killed in the stampede.

All you Bitcoin deniers are ruining my investment of 2 Bitcoins which I bought for £4 last year, I’m hoping to retire on them this year, and you’re all respopnsible if I can’t, I wont even be able to afford private bounty hunters to hunt you all down and bring you all to face justice.
There should be a law against Bitcoin denialism, you’re manipulating the market with your denialism and it should be made illegal.
STFU !!!!!!